The round was led by returning investors TCV, Accel, and Leapfrog Investments. Founded in 2010, WorldRemit provides mobile and online payments and serves almost 4 million customers transferring money from 50 sender countries to 150 recipient countries.
The Series D funding round comes at an important stage in the company’s growth. With this new investment, WorldRemit aims to drive global growth and diversify the company’s product offering for both money transfer senders and recipients.
Moreover, the company is set to launch a new money transfer solution targeting small and medium-sized business owners who trade internationally, especially in emerging markets. The transaction is subject to customary closing conditions, including FCA approval.
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